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DimPrawn
30th August 2006, 10:31
http://news.bbc.co.uk/1/hi/business/5297672.stm

The strength of the property market has been highlighted by the latest mortgage figures from the Bank of England.

The number of new mortgages approved for house buying, but not yet lent, rose again in July to 120,000 - the highest level since the start of 2006.

Approvals have been rising steadily this year and are up 24% on a year ago.

Meanwhile the amount of money actually lent on new mortgages in July was £9.8bn, the second highest monthly figure on record.

The continued acceleration in the value of mortgage borrowing has helped to drive up the total amount of debt owed by individuals in the UK.

This rose by another £10.9bn in July, pushing the outstanding level of personal debt to £1.24 trillion.


AtW - I think you better hurry up and make that 1st million. Soon it won't be enough for the deposit on a flat in Brum.

MarillionFan
30th August 2006, 10:40
www.rightmove.co.uk shows last months figures as dropping by 1.6% bringing rises for this year to 9%.

AlfredJPruffock
30th August 2006, 11:54
Grey Slates remain ...Grey Slates.

ratewhore
30th August 2006, 12:09
Well it's nice that the UK housing market is doing so well when it seems the US housing market is on it's way down a slippery slope...

oh look (http://www.moneyweek.com/file/17452/the-us-housing-bubble-has-popped---what-now.html)

:cool2:

DimPrawn
30th August 2006, 12:14
We need more immigrants NOW to keep the boom.

Suggest we get Romania etc in as soon as possible. And lets hope Turkey makes it in soon. They have millions are people looking to boost our economy.

The future looks extremely bright thanks to Labours excellent handling of the economy.

You know it makes sense.

el duder
30th August 2006, 12:19
We need more immigrants NOW to keep the boom.

Suggest we get Romania etc in as soon as possible. And lets hope Turkey makes it in soon. They have millions are people looking to boost our economy.

The future looks extremely bright thanks to Labours excellent handling of the economy.

You know it makes sense.

the only way to deal with it, is for all of us to infiltrate their countries.

poland, ukraine, romania, slovakia, lativa

and ruin them by drinking and behaving incredibly badly whilst there.

Cyber Controller
30th August 2006, 13:26
We're doomed.

lilelvis2000
30th August 2006, 18:39
Well it's nice that the UK housing market is doing so well when it seems the US housing market is on it's way down a slippery slope...

oh look (http://www.moneyweek.com/file/17452/the-us-housing-bubble-has-popped---what-now.html)

:cool2:


Yeah there's been a steady rate rise there..and its basically killed the market. Since Brits are soooo house crazy I imagine that even in double digit interest rates people will still be buying houses like they buy tops at matalan.

mcquiggd
30th August 2006, 19:23
the only way to deal with it, is for all of us to infiltrate their countries.

poland, ukraine, romania, slovakia, lativa

and ruin them by drinking and behaving incredibly badly whilst there.


You forgot about impregnating their women.

Lots of little chavs in hoodies and england tops... ah.... fond memories of home....

_V_
31st August 2006, 07:50
I did a little wander over to www.housepricecrash.co.uk

Front page is full of predictions by "experts" such as

"house prices will fall by up to 45% in the next two years (prediction made in 2003)"

Forums there are full of people now predicting large increases in house prices and wanting to know where to buy.



There is a lesson to be learned. Choose your domain name carefully.

_V_
3rd September 2006, 10:38
Latest figures on house price inflation

http://newsimg.bbc.co.uk/media/images/42033000/gif/_42033000_house_prices_aug_203.gif

Way above inflation, way above pay increases.

The boom continues unabated.

Dalek Supreme
3rd September 2006, 11:04
Don't worry, when John Reid becomes Prime Minister he will sort it all out. After a period of consultation.

wendigo100
3rd September 2006, 11:42
Latest figures on house price inflation - Way above inflation, way above pay increases.

The boom continues unabated.No, the debt bubble continues to expand unabated.

donaldduke
3rd September 2006, 14:27
Safe as houses.

Property on our small overcrowded Island is the best investment ever.

Renting is for the Poor who cant afford a deposit and the Timid who are scared of risk and resposibility.

Even if prices fall 33% tommorow, 10 years later they will making new highs again in the next great bull market that will make most property owners millionaires!